here's bob pisani with the earnings scorecard. >> it was a good day for earnings, and most importantly, big, multinational industrial companies like united technologies, ingersoll-rand and illinois toolworks affirm their 2013 earnings guidance and if there were significant signs of an ongoing global spot of it. it may be a little bit below expectations, but we expectest mo of the way through. here's the good news. almost 70% of the company's reporting have been reporting expectations. the only 42% are beating on the top line, on revenues and that's way below the 62%. this has been a problem for several quarters and it means the companies are able to do well on earnings because they become cost-cutting monsters not because they're increasing their revenues and of course, it's good for companies to become more cost efficient, but the lack of revenues and adding to the employment problem. companies are reluctant to hire more people when they're not able to sell anymore. for "nightly business report," i'm bob pisani at the new york stock exchange. >> here now to talk more about those first